Japan’s Konica Minolta Holdings Inc, which represents an organic union of the revolutionary technologies between Konica Corporation and Minolta Co., Ltd – according to Reuters, will invest about $170 million to build a new production facility for high-tech film used to make LCD panels.
The plant will be located in Kobe, western Japan, and operations are expected to begin late 2009.
Sources close to the matter said that since demand for TAC film is growing rapidly, the factory will increase the company’s production capacity for triacetyl cellulose (TAC film), which protects the polarisation plate used in liquid crystal display (LCD) panels, by some 20 percent to 270 million square metres a year.
Flat TV makers such as Samsung Electronics Co. have increased demand aggressively for TAC film as they expand LCD panel production capacity.
Based on an underlying management principle of new value creation and driven by the corporate message of the essentials of imaging, Konica Minolta aims to provide inspired creativity in the field of imaging by becoming an innovative, technologically sophisticated and reliable global company.